Manulife Financial Corporation's Declares Common Share Dividend, Amends its Normal Course Issuer Bid5/11/2024 The Board of Directors of Manulife has declared a quarterly dividend to common shareholders of CA$0.40 per share on Manulife's common shares. This dividend is payable to shareholders of record on May 22, 2024, at the close of business, and will be paid on and after June 19, 2024.
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Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc.) registered a 30% year-on-year growth in net income to P75.9 million in the first quarter of 2024, compared to the P58.3 million earnings in the comparable period in 2023. Gross Income increased by 28% due to the shift in its investment portfolio towards higher-yielding placements and debt securities.
In the first three months of the year, Asia United Bank (AUB) and its subsidiaries continued to generate record-breaking profitability, with a return on equity (ROE) of 20%, the highest in the bank's 27-year history. Additionally, it reported the greatest return on assets (ROA) since AUB's 2013 IPO, at 2.8%.
Security Bank Corporation Issues US$400 Million 5-Year Reg S Senior Unsecured Notes Offering5/11/2024 As a drawdown from its US$1 billion Medium Term Note Program, approved by the board, Security Bank Corporation has issued US$400 million in 5.50% Senior Unsecured Fixed Rate Notes (Notes), due May 14, 2029. The transaction was announced on the back of a series of global investor calls that were held on May 6, 2024.
Sun Life Financial Inc.'s Board of Directors declared a dividend of CA$0.81 per share on the company's common shares, payable on June 28, 2024, to shareholders of record at the close of business on May 29, 2024. This is a 3 cent increase over the amount paid in the preceding quarter.
By 2024, DoubleDragon Corporation's total equity is expected to surpass P100 billion. The company is in a position to become one of the few with a 12-digit total equity level in the Philippines.
Bank of Commerce Successfully Raises P6.57 Billion from its Second Tranche Peso Bond Offering5/10/2024 With the successful completion of its previously announced public offering of Peso bonds (Series B Bonds), San Miguel Corporation affiliate Bank of Commerce (BankCom) raised P6.57 billion by the end of the offer period on May 9, 2024.
The Figaro Coffee Group (FCG), a leader in the Philippine food and beverage sector, reported revenues of P1.3 billion in the first quarter of 2024, up 27% from the same quarter last year. Net income after tax for the quarter was registered at P105 million, up 5% from the same period last year.
Integrated Micro-Electronics, Inc. (IMI), reported group revenues of US$290 million for Q12024, which is 16% less than the previous year. This decline can be partially attributed to the company's decision to divest STI, which was still generating revenue at the time. The decrease in revenue has been lessened by cost-cutting measures, allowing IMI to keep its core operating margin at 2.4%, where it was in 2023. The group's net loss during the first quarter of 2024 was US$3.7 million.
Cebu Landmasters Inc. (CLI), the leading developer in VisMin, reported an impressive 31% consolidated revenue growth to P6.257 billion in the first quarter of 2024 from P4.777 billion in the same period the previous year. Strong growth is the main cause of the uptick in all business segments of the listed company.
The Board of Directors of Filinvest REIT Corp. (FILRT) approved the dividend declaration to all stockholders, which amounts to P0.062 for each outstanding common share. According to the closing share price on May 9, 2023, this declaration raises the year-to-date dividends to P0.129 per outstanding common share, or an annualized yield of 9.0%.
Leading finance app GCash, through its lending arm Fuse Lending, Inc., has teamed up with pioneer e-commerce platform Lazada Philippines to help support Filipino entrepreneurs by offering cash loans to eligible platform sellers to help fuel the growth of their online businesses.
Megaworld, the country's top township developer, had its net income increase to P5.0 billion in the first quarter of 2024, up 10% from the same time the previous year. The parent company's net income attributable to shareholders was P4.4 billion, an 8% increase over the previous year.
PLDT Inc. (PLDT) reported that its Gross Service Revenues increased by 5%, or P2.5 billion, to P52.2 billion, while Consolidated Service Revenues (net of interconnect expenses) increased by 3%, or P1.6 billion, to P48.7 billion in the first quarter of 2024. Data and broadband increased by 5%, or P2.0 billion, to P40.5 billion, accounting for 83% of Consolidated Service Revenue. Consolidated Service Revenues increased by 8% after adjusting for legacy revenues.
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. PLACE YOUR ADS HERE FOLLOW ME ON FACEBOOK & X Categories
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